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"Improve the Value of Your Investment!" - Green Makes Green!

By
Real Estate Broker/Owner with Criado Realty 0548772

I've been saying for years.... "I help you buy, sell, and build to save you money, live healthier, and improve the value of your investment." Of course that opens me up to challenges and of course I am ready to say - game on! But honestly, the appraisers get in the way and Realtors have to make the case. 

Recently I had a brief meeting with an Licensed Real Estate Appraiser here in San Antonio, Texas regarding home values and green. I said, "I know that buyers are willing to pay a little more (3-5% by most references) but what about appraisers?"  I asked about the Fannie Mae green appraisal form and she replied, "Sure, just know that not all appraisers have adopted that form or know what to do with it."  With a sad face I asked, "What then, can I do to help a seller if I KNOW the home is built better resulting in a better HERS score and has a lower utility bill?" 

I loved her response - "Bring me proof that the home has these features and provide documentation from a reliable source - utility bills, proven studies, etc. and I will make an upward adjustment, regardless of the green appraisal form, or not!"

I can safely say now that from a seller's perspective, a home is worth more than their competition if there is verified proof of actual cost savings in utility bills.

GO GREEN!

Posted by
Cathy Criado President & Founder
MBA, REALTOR, BROKER, NAR GREEN, EcoBroker
Published Author
Your Real Estate Consultant!
 
999 E Basse Rd. #180-425, ​San Antonio, TX  78209​
​Direct:  (210) 560-1891
 
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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Cathy - And that's the way it ought to be, but it's too bad we can't pick our appraisers. The standards of practice vary pretty widely among them, just as they do with agents, but at least you're fighting the good fight - and you're winning some. We'll get there in the end.

Sep 11, 2012 12:04 PM
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Hi Cathy, any proof on certified improvements will help to increase the value of a house.

Sep 11, 2012 12:15 PM
Mike Cooper, Broker VA,WV
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

Good job, Cathy.  I was previewing a green building project today.  It was interesting to see the different things the contractor was doing to make the house more efficient.  I can't imagine how it wouldn't be more valuable.

Sep 11, 2012 12:19 PM
Christine Smith
Buyers Brokers Only LLC - www.BuyersBrokersOnly.com - Canton, MA
Exclusive Buyer Agent & Attorney, Canton, MA

Cathy....I think it would be worth more to a buyer too knowing that their utility bills would be lower than buying another house.

Sep 11, 2012 12:36 PM